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Category > Business & Finance Posted 07 Jun 2017 My Price 11.00

Assume you are given the following relationships for the Haslam Corporation:

Assume you are given the following relationships for the Haslam Corporation:

Sales/total assets 1.4
Return on assets (ROA) 4%
Return on equity (ROE) 7%

Calculate Haslam's profit margin. Do not round intermediate calculations. Round your answer to two decimal places.
%

Calculate Haslam's liabilities-to-assets ratio. Do not round intermediate calculations. Round your answer to two decimal places.
%

Suppose half of Haslam's liabilities are in the form of debt. Calculate the debt-to-assets ratio. Do not round intermediate calculations. Round your answer to two decimal places.
%

2. Current and Quick Ratios

The Nelson Company has $1,140,000 in current assets and $475,000 in current liabilities. Its initial inventory level is $285,000, and it will raise funds as additional notes payable and use them to increase inventory.

How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 2.1? Round your answer to the nearest cent.

$  

What will be the firm's quick ratio after Nelson has raised the maximum amount of short-term funds? Round your answer to two decimal places.

Answers

Homework Helper
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Status NEW Posted 07 Jun 2017 06:06 AM My Price 11.00

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